Furniture factory approved for Ch. 11 Plan with versions

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By Vince Sullivan (September 16, 2021, 5:51 p.m. EDT) – Bankrupt retailer Furniture Factory Outlet received court approval from a Delaware judge on Thursday for its Chapter 11 liquidation plan, quashing an objection from the Office of the trustee of the United States to the third-party versions included in the plan.

In a virtual hearing, U.S. Delaware District Bankruptcy Judge J. Kate Stickles said the hundreds of unsecured creditors who will grant discharges to third parties involved in the case have been given a clear explanation of their rights in the case. the voting solicitation packages. and had had the option of refusing to give the releases.

“I find…

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